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CIC Announces New Loan Program for Connecticut Small Businesses Affected by COVID-19

  • Community Investment Corporation announces $3.5 million loan program to aid small businesses in Connecticut that have been impacted by COVID-19
  • Loans of up to $500,000 are available to assist with purchases in real estate, equipment, inventory, and more
  • Open to businesses in Fairfield, New Haven, Litchfield, and Hartford counties

The Community Investment Corporation has announced a new loan program open to small businesses in four Connecticut counties, offering assistance to those that need assistance due to the impact of the COVID-19 pandemic.

The $3.5 million program, which uses funds from the Economic Development Administration of the U.S. Department of Commerce, offers loans of up to $500,000. The funds can be used for purposes such as buying real estate, inventory, equipment, leasehold improvements, marketing, or working capital.

Terms of seven to 25 years are available. The loans are available to small businesses in Fairfield, New Haven, Litchfield, and Hartford counties.

For more information, visit this site.

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